dep. on imported machinery
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 June 2010
To,
S. Arunkumar
In connection to my earlier query, can I claim dep. on second hand machinery imported from foreign as per Income Tax law.
S. Arunkumar
In connection to my earlier query, can I claim dep. on second hand machinery imported from foreign as per Income Tax law.
22 June 2010
YEs, you can claim depreciation on second hand machienry as per income tax
22 June 2010
Whether you are purchasing second hand machinery from india or outside india.
For both, you can claim dep as per IT ACT.
For both, you can claim dep as per IT ACT.
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22 June 2010
AGREE WITH BANSAL JI.
JUST REMEMBER ADDITIONAL DEPRECIATION WILL NOT BE ALLOWED ON SECOND HAND MACHINERY.
JUST REMEMBER ADDITIONAL DEPRECIATION WILL NOT BE ALLOWED ON SECOND HAND MACHINERY.
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